BidaskClub upgraded shares of Diodes (NASDAQ:DIOD) from a sell rating to a hold rating in a report released on Tuesday morning.

Several other brokerages also recently weighed in on DIOD. Benchmark downgraded shares of Diodes from a buy rating to a hold rating in a research report on Monday, October 30th. Robert W. Baird reiterated a buy rating and issued a $37.00 price target on shares of Diodes in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Diodes from a hold rating to a strong-buy rating and set a $38.00 price target for the company in a research report on Tuesday, October 17th. ValuEngine downgraded shares of Diodes from a buy rating to a hold rating in a research report on Wednesday, November 15th. Finally, Sidoti started coverage on shares of Diodes in a research report on Thursday, September 21st. They issued a neutral rating and a $32.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Diodes has a consensus rating of Hold and a consensus price target of $37.00.

Shares of Diodes (NASDAQ DIOD) opened at $29.61 on Tuesday. The firm has a market cap of $1,446.64, a P/E ratio of 26.63 and a beta of 1.15. The company has a current ratio of 3.12, a quick ratio of 2.18 and a debt-to-equity ratio of 0.34. Diodes has a 12-month low of $22.06 and a 12-month high of $35.36.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $285.20 million during the quarter, compared to the consensus estimate of $281.66 million. Diodes had a net margin of 2.96% and a return on equity of 6.44%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. research analysts expect that Diodes will post 1.35 earnings per share for the current fiscal year.

In other Diodes news, Director C H. Chen sold 30,000 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $29.25, for a total transaction of $877,500.00. Following the completion of the transaction, the director now owns 479,979 shares in the company, valued at approximately $14,039,385.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shiao Kwang Edmund Tang sold 27,877 shares of the company’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $30.29, for a total transaction of $844,394.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 477,486 shares of company stock valued at $14,707,920. 7.00% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the business. Teachers Advisors LLC raised its position in Diodes by 6.3% during the 2nd quarter. Teachers Advisors LLC now owns 68,337 shares of the semiconductor company’s stock worth $1,642,000 after buying an additional 4,030 shares during the last quarter. Prudential Financial Inc. raised its position in Diodes by 30.8% during the 3rd quarter. Prudential Financial Inc. now owns 203,186 shares of the semiconductor company’s stock worth $6,081,000 after buying an additional 47,840 shares during the last quarter. Northern Trust Corp raised its position in Diodes by 2.9% during the 2nd quarter. Northern Trust Corp now owns 777,284 shares of the semiconductor company’s stock worth $18,679,000 after buying an additional 21,697 shares during the last quarter. AJO LP purchased a new position in Diodes during the 2nd quarter worth $1,044,000. Finally, Russell Investments Group Ltd. raised its position in Diodes by 75.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 61,043 shares of the semiconductor company’s stock worth $1,467,000 after buying an additional 26,306 shares during the last quarter. Institutional investors own 74.70% of the company’s stock.

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Diodes Company Profile

Diodes Incorporated is a manufacturer and supplier of application-specific standard products within the discrete, logic, analog and mixed-signal semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. The Company’s products include diodes; rectifiers; transistors; metal-oxide semiconductor field-effect transistors (MOSFETs); protection devices; amplifiers and comparators; Hall-effect and temperature sensors, and power management devices, including light emitting diode (LED) drivers, alternating current (AC)-direct current (DC) and DC-DC switching, linear voltage regulators and voltage references, along with special function devices, such as universal serial bus (USB) power switches, load switches, voltage supervisors and motor controllers.

Analyst Recommendations for Diodes (NASDAQ:DIOD)

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